10/22/20 Sands China reports US$562m net losses for Q3 The casino operator says it remains optimistic despite losses.
10/21/20 Las Vegas Sands’ expecting better results for Q3 The company will be the first operator to reveal its third-quarter results. It expects them to be better than Q2.
10/21/20 “Big six” operators to report US$800m net losses for Q3 The six largest casino companies in Macau are expected to report a combined EBITDA loss of more than US$800m.
10/21/20 Tabcorp sees revenue drop 5.7% for Q1 The company says retail operations are still being hit by the pandemic, especially in Victoria.
10/20/20 Emperor expects US$20m in net losses The company attributed poor financial results to travel restrictions, which led to a 90 per cent drop in gaming revenue.
10/20/20 Macau gaming taxes collection plummets In the last nine months, Macau collected about US$2.93 billion on direct taxes of gambling activities.
10/20/20 Malaysia: tax hikes not expected for casinos RHB Investment Bank has said a new increase is unlikely as Genting Malaysia is still recovering from the financial hit wrought by the pandemic.
10/19/20 Universal Entertainment to increase notes offering The casino and resort company will increase its notes offer from US$100 million to US$135 million.
10/19/20 Macau: quarterly increase in games of fortune revenue The DICJ has reported a 51 per cent quarterly increase in VIP baccarat revenues and a 71 per cent jump for mass baccarat.
10/16/20 Success grants new loan to Ponte 16 operator The company lent Pier 16 over US$5m in July and in October the operator requested another US$2.5m.
10/15/20 Aquis revenues reach pre-pandemic levels The operator of Casino Canberra is maintaining its mid-term strategy and original budget projections for 2020.
10/14/20 IMF forecasts 53% drop in GDP for Macau The International Monetary Fund has adjusted downwards its predictions for Macau’s economy due to the impact of the pandemic.
10/13/20 Macau: government income from junkets drops 24% Junkets accounted for only 46 per cent of last year’s GGR and paid US$37 million in taxes on commissions.
10/12/20 Genting Bhd EBITDA to fall 70%, analyst says The drop in visitors to Resorts World Sentosa and Resorts World Genting will hit earnings hard, Maybank IB forecasts.
10/12/20 Bank of China and BNU to continue issuing Macau banknotes The Bank of China and the BNU have signed an agreement with Macau to issue patacas for the next 10 years.
